Page 504 - Commodity News
World Bank predicts crude oil price rebound
Prices pegged at $57/bbl up from earlier forecast of $53/bbl
 "World Bank predicts crude oil price rebound")
Fabric export to rise with MEIS inclusion
Cotton fabric exports likely to rise 10% this year
 "Fabric export to rise with MEIS inclusion")
Pulses sowing rises sharply but price impact uncertain
Low stocks to neutralise benefit; impact might be seen around harvest time
 "Pulses sowing rises sharply but price impact uncertain")
Liquidity issue hits jewellery sector as gold price tumbles
Prices fall to 4-year low, cause inventory values to decline; trade complains of banks again cutting lending for fear of more NPAs, ask for govt help
 "Liquidity issue hits jewellery sector as gold price tumbles")
 "Sugar exports may surge as mills rush to pay growers")
Stainless steel imports up 49% in FY 15: Govt
In value terms, imports of the metal rose by 23% to Rs 5,918.9 crore in 2014-15
 "Stainless steel imports up 49% in FY 15: Govt")
Silver falls by 0.4% amid weak global trend
Subdued demand at the spot market also affected prices
 "Silver falls by 0.4% amid weak global trend")
Crude palm oil falls by 0.4% on low demand
Besides, adequate stock position in the physical market on higher supplies from producing belts put pressure on crude palm oil prices
 "Crude palm oil falls by 0.4% on low demand")
Crude oil falls by 0.7%, tracking weak Asian cues
Analysts said that the fall is mostly in line with a weak trend in Asian trade following a US report showing stockpiles surged last week
 "Crude oil falls by 0.7%, tracking weak Asian cues")
Lead down by 1% on weak global cues
Participants reduced their positions amid a weak trend in base metals overseas
 "Lead down by 1% on weak global cues")
Mentha oil down by 0.6% on profit-booking
Speculators locked-in gains at prevailing levels amid sluggish demand
 "Mentha oil down by 0.6% on profit-booking")
Copper falls by 0.9% on overseas cues
The fall was attributed to a weak trend in base metals along with declines in commodities as strengthening dollar eroded demand
 "Copper falls by 0.9% on overseas cues")
Nickel falls by 0.9% on weak global cues
A weak trend in overseas market where base metals fell weighed on nickel prices
 "Nickel falls by 0.9% on weak global cues")
Oil prices resume decline on supply glut worries
Analysts have warned of further weakness ahead
Supply crunch fuels onion price rise
The Tuesday's price indicates an increase of 123 per cent so far this month
 "Supply crunch fuels onion price rise")
 "Oil guru who called 2014 slump sees a return to $100 crude")
A day after crash, gold prices continue to be bearish
Gold prices likely to fall further to Rs 24,000 for 10g in the coming months
 "A day after crash, gold prices continue to be bearish")
MCX to partner CME group for international exchange at GIFT City
CME group has been trying to pick up stake in Indian exchanges for a long time now
 "MCX to partner CME group for international exchange at GIFT City")
Silver down by 0.4% on global cues
A weakening trend overseas as strong dollar eroded demand for the precious metals